Industry Briefs

Tankers BP Shipping chartered four new very large crude carriers, to be delivered in 1999 and 2000. The ships will be provided under a bareboat charter by Cambridge Oil Transportation Corp. and financed through a bond issue. The 300,000 dwt ships will be double-hulled and built by South Korea's Samsung Heavy Industries Co. Ltd. Power El Paso Energy International Co., Houston, let a 4-year operating and maintenance contract to Stewart & Stevenson Operations Inc., Houston, for three phases of a power project in northern Brazil. El Paso Energy will install a total of eight turbine generators with combined capacity of 250 MW at two sites in Mau and on a barge a...

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